Turkish Airlines’ recently announced the 2013 consolidated financial statements. The results as compared to 2012 revealed that sales revenue increased by 27% in 2013, reaching a total of TRY 18.8 billion.
Operating profit stood at TRY 1.24 billion, implying a 9% increase, TRY 683 m net profit was recorded. Indicating its cash generation capability, EBITDAR increased by 28% to TRY 3 bn. EBITDAR margin maintained at 18%, in line with its long term target EBITDAR level.
In 2013, 48.3 m passengers were carried implying a 23.6% increase from 39 m passengers in 2012. The airline increased its’ market share to 12.8% within European carriers. In addition, passenger load factor increased by 1.4 points, bringing it to 79% in 2013.